Indian Food Inflation Is Getting Out Of Control

Vegetable prices in India spiked
46.59% in July year over year, another ugly bullet point
in the country's persistent struggle with massive food
inflation.

In particular, the onion — a staple vegetable whose rising
prices have dogged ruling parties in the past — saw a
particularly dramatic jump.
From Mint:

Across cities, onion
prices are hovering at anywhere between Rs.50 and Rs.80 a kilo, nearly double last month’s
levels. The latest wholesale price index (WPI) numbers
released on Wednesday show that onion prices rose 144% in July
over the year-ago period, after a similar increase in
the previous month. Since January, onion price levels have been
nearly double what they were a year ago.

And India has already lost
hundreds of billions of dollars due to inflation
in the past few years. Of course, the country's poor
population, which spends the lion's share of income on food, has
been hit hardest.